America's Servicing Company Help! I'm petrified! Frederick Maryland

America's Servicing Company appeared to be very helpful at first. However, after approximately 3 months, the situation turned for the very worst. This is when there were missing payments---which were paid only by certified checks---payments that were held until after the due date---which were always sent by certified mail. Phone calls to account managers not being returned. Escrow account suddenly became depleted, and no one can account for the funds. Monthly payments are mysteriously appearing in "suspense accounts" and not as monthly payments; monthly notes on a fixed rate mortgage suddenly imcreases by more than $500.00 because there is money missing from the escrow account; forced placed insurance for $4,970 for a 6 month period...when we already have insurance and we have sent proof on 4 different occasions; and as of today's date, there hasn't been a reversal of charges, and many, many more unscrupulous tactics.

In the beginning, we nor The Attorney General's Office, The Division of Financial Regulation or Office of Thrift Supervision knew of the connection between America's Servicing Company and Wells Fargo. Each time I would inquire to ASC who the bank was that carried the loan, I was told that they didn't know, or they have many banks that we work with, or they were independent of a bank. During the investigation of the complaints that were being filed against ASC, it was discovered that the bank was Wells Fargo. I never even received a welcome packet from this company, and I requested one for almost 6 months. However, by this time I had already filed a grievance against the company.

I am very concerned as well, the best we can do is to keep good and accurate paper trail of everthing. In regards to past lenders activities and ASC's.

Did they already tell you that you can mail your payment in? I haven't received a statement yet, just a transfer notice from them. My transfer is effective Feb 12005 as well.

I have made SEVERAL calls to many different people and so far, well...I'm really not too sure what to think still because I haven't gotten too much specific information, just suggestions on how to protect myself. So I am also being very careful and keeping a close eye on everything that transpires. (some people have accused me as being an employee because I am doing alot of research) but I am just a concerned consumer trying to protect myself.

Good luck to you and continue to post your findings as I will as well.

I am very concerned as well, the best we can do is to keep good and accurate paper trail of everthing. In regards to past lenders activities and ASC's.

Did they already tell you that you can mail your payment in? I haven't received a statement yet, just a transfer notice from them. My transfer is effective Feb 12005 as well.

I have made SEVERAL calls to many different people and so far, well...I'm really not too sure what to think still because I haven't gotten too much specific information, just suggestions on how to protect myself. So I am also being very careful and keeping a close eye on everything that transpires. (some people have accused me as being an employee because I am doing alot of research) but I am just a concerned consumer trying to protect myself.

Good luck to you and continue to post your findings as I will as well.

I am very concerned as well, the best we can do is to keep good and accurate paper trail of everthing. In regards to past lenders activities and ASC's.

Did they already tell you that you can mail your payment in? I haven't received a statement yet, just a transfer notice from them. My transfer is effective Feb 12005 as well.

I have made SEVERAL calls to many different people and so far, well...I'm really not too sure what to think still because I haven't gotten too much specific information, just suggestions on how to protect myself. So I am also being very careful and keeping a close eye on everything that transpires. (some people have accused me as being an employee because I am doing alot of research) but I am just a concerned consumer trying to protect myself.

Good luck to you and continue to post your findings as I will as well.